In August 2019, 84 percent of renters believed that renting was more affordable for them, up from 69 percent in January 2016. This trend shows that many American renters view homeownership as increasingly out of reach.
Share of renters who believed renting or owning was more affordable for them in the United States from January 2016 to August 2019
Characteristic
Renting
Owning
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Freddie Mac. (September 1, 2020). Share of renters who believed renting or owning was more affordable for them in the United States from January 2016 to August 2019 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1036202/renters-affordability-renting-versus-owning-usa/
Freddie Mac. "Share of renters who believed renting or owning was more affordable for them in the United States from January 2016 to August 2019." Chart. September 1, 2020. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1036202/renters-affordability-renting-versus-owning-usa/
Freddie Mac. (2020). Share of renters who believed renting or owning was more affordable for them in the United States from January 2016 to August 2019. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1036202/renters-affordability-renting-versus-owning-usa/
Freddie Mac. "Share of Renters Who Believed Renting or Owning Was More Affordable for Them in The United States from January 2016 to August 2019." Statista, Statista Inc., 1 Sep 2020, https://www.statista.com/statistics/1036202/renters-affordability-renting-versus-owning-usa/
Freddie Mac, Share of renters who believed renting or owning was more affordable for them in the United States from January 2016 to August 2019 Statista, https://www.statista.com/statistics/1036202/renters-affordability-renting-versus-owning-usa/ (last visited August 25, 2024)
Share of renters who believed renting or owning was more affordable for them in the United States from January 2016 to August 2019 [Graph], Freddie Mac, September 1, 2020. [Online]. Available: https://www.statista.com/statistics/1036202/renters-affordability-renting-versus-owning-usa/